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Class A Office/Medical Building 400 International Way 78,203 SF Office Building Springfield, OR 97477 $19,700,000 ($251.91/SF) 4.81% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 78,203 SF Class A office building on 7.05 acres (built in 2008)
  • 26,245 SF currently available for lease/owner occupancy
  • Tenant amenities: shared fitness center, break rooms, and lobby café
  • Offered at $19,700,000 — investment or owner/user opportunity
  • Strong tenant mix: Centene, SAIF, Professional Credit Services, Bristol, Titanium Legal
  • Excellent location near I-5, PeaceHealth RiverBend, VA Hospital & Sacred Heart

EXECUTIVE SUMMARY

400 International Way is a premier 78,203 SF Class A office building in Springfield, Oregon, offered at $19,700,000. Built in 2008, the property features high-quality construction, medical-use permitted zoning, and a strong tenant roster including Centene, SAIF, and Professional Credit Services. With 26,245 SF currently available for lease or owner-occupancy, abundant parking, and tenant amenities such as a fitness center, shared break rooms, and a lobby café, this asset offers a rare opportunity for investors or owner-users seeking a long-term headquarters or investment in the heart of Springfield’s medical and business hub.

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Office
Building Size
78,203 SF
Building Class
A
Year Built
2009
Price
$19,700,000
Price Per SF
$251.91
Cap Rate
4.81%
NOI
$947,231
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
26,068 SF
Slab To Slab
10’
Building FAR
0.25
Lot Size
7.05 AC
Zoning
CI - Campus Industrial - Springfield OR Jurisdiction
Parking
359 Spaces (4.59 Spaces per 1,000 SF Leased)

AMENITIES

  • Atrium
  • Bus Line
  • Fitness Center
  • Security System
  • Signage
  • Bicycle Storage
  • Central Heating
  • Recessed Lighting
  • Secure Storage
  • Wi-Fi
  • Monument Signage
  • Outdoor Seating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1518776
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$14,181,379 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
  • Listing ID: 25397623

  • Date on Market: 4/4/2022

  • Last Updated:

  • Address: 400 International Way, Springfield, OR 97477

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